Tags: EU | France | Models | Price Fixing

France Fines 35 Modeling Agencies in Decade of Price Fixing

France Fines 35 Modeling Agencies in Decade of Price Fixing

Thursday, 29 September 2016 07:43 AM

PARIS (AP) — France's anti-competition regulatory body has fined 35 modeling agencies over a decade-long practice of fixing prices, saying the tables established each year were illegal.

Thursday's decision came in the midst of Fashion Week, a particularly intense time for both modeling agencies and the men and women who work for them.

The agencies were fined a total of 2.4 million euros ($2.7 million). A total of 37 companies were implicated in the case but two have since discontinued operations.

According to the decision, the agencies used the models' salaries as a base and built in a markup of 30 percent in the prices passed on uniformly to clients.

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France's anti-competition regulatory body has fined 35 modeling agencies over a decade-long practice of fixing prices, saying the tables established each year were illegal.Thursday's decision came in the midst of Fashion Week, a particularly intense time for both modeling...
EU,France,Models,Price Fixing
109
2016-43-29
Thursday, 29 September 2016 07:43 AM
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